The ideal price of bitcoin is $557,714.00

[sheenshane]

With this, it's all gonna be just a matter of time.

This should be the right answer, time will tell it that will happen because as we know Bitcoin price will always vary on the demand and supply.
But who knows if we reach that amount of price by next year or if it could be other years, so it always matters on the time.

Though I'm a crypto enthusiast and I'm happy that Bitcoin price will reach that amount but IMO, that's impossible and I think it takes how many years before it will happen or will never happen.

Seems like this song will be a good answer to OP's question.

[GreatArkansas]

With this, it's all gonna be just a matter of time.

This should be the right answer, time will tell it that will happen because as we know Bitcoin price will always vary on the demand and supply.
But who knows if we reach that amount of price by next year or if it could be other years, so it always matters on the time.
(...)

I agree somehow here and I am not a bearish for the long term on Bitcoin.
But we should think also Bitcoin is not gold and they are far different. New people must also not be too over confident with these numbers because before we get to that number in the future, there will be a bumpy road, and always expect the unexpected.

[Fundamentals Of]

You make your own computation. Others have also their own versions. There are a number of Bitcoin supporters who have already explained their own price appraisals, predictions, and how much Bitcoin should actually be worth. You have different bases, assumptions, and computations.

However in the end, the price of Bitcoin will always just be dependent on how much people are willing to pay for it.

[adaseb]

It seems we are getting crazy price predictions again with Bitcoin. Every day on network television we got some crazy prediction. Today some hedge fund predicted it would hit like $125000 sometime in 2024 and yet the price went down a little.

Usually when we get these bullish narratives we end up going back in bearish territory. Remember during the 2021 peak? People were guaranteed to expect $100K Bitcoin and some expected $1M and look how that turned out.

[michellee]

With this, it's all gonna be just a matter of time.

This should be the right answer, time will tell it that will happen because as we know Bitcoin price will always vary on the demand and supply.
But who knows if we reach that amount of price by next year or if it could be other years, so it always matters on the time.
(...)

I agree somehow here and I am not a bearish for the long term on Bitcoin.
But we should think also Bitcoin is not gold and they are far different. New people must also not be too over confident with these numbers because before we get to that number in the future, there will be a bumpy road, and always expect the unexpected.

New people will learn more about Bitcoin but it is up to them. It could be possible that in years to come, the price of @OP could be the ideal Bitcoin price. Who knows.

As Bitcoiners, they remain bullish for the long term and it doesn't matter what the price is because it's still a mystery. But they still want to sell Bitcoin at the highest price.

And hopefully, new people are ready to face the bumpy road so they can still hold onto their bitcoins and not become weak hands.

[laurenB7742]

So the amount of bitcoin is only 1/11.5 of the amount of gold. Bitcoins are rarer. Even though we believe bitcoin is gold in the future, So, bitcoin can have a price of 11.5 x $557,714/btc  

Why do many people still focus on supply and assume that it is the factor that will determine the value of any asset? Predicting the price of an asset requires a lot of factors beyond supply, we should also consider utility, practical applications, use cases, and demand...So even if bitcoin is scarcer than gold but if its demand is not great, it will never surpass gold. Many people think that bitcoin is surpassing gold, but looking at what is going on, the capitalization and demand for gold is huge, many times more than bitcoin. So it's very early to draw any conclusions, let time tell all.

[zaim7413]

It is undeniable that gold is one of the most popular forms of investment in society, gold is considered an asset whose value does not go down easily. As technology develops, Bitcoin is present in the midst of society, Bitcoin has also begun to be looked at as an investment instrument by a number of investors. Bitcoin is starting to be considered as having a value that is not easily shaken even though the economic conditions are weak. Due to the character of Bitcoin which is resistant to inflation, Bitcoin is also called digital gold.

Seen from one side, Bitcoin and gold have the same function, but when measured in terms of buying and selling values, Bitcoin and Gold have different characters. The price of gold is influenced by many things, such as the uncertainty of global conditions, supply and demand (gold), monetary policy, inflation and the dollar exchange also greatly affect the price of gold. What affects the price of Gold does not apply to Bitcoin because there is no centralized system that regulates buying and selling prices. The price of Bitcoin can decrease by more than 20 percent and can increase by more than 20 percent in a day. That is the reason it is difficult to determine what the ideal price of Bitcoin is because it is purely determined by demand and supply activities that occur in the market.

[Nrcewker]

I don’t think we can ever estimate the price of bitcoin. We know bitcoin is an asset. Its supply is fixed. So how can we estimate an ideal price when supplies are limited and demand is fluctuating among the masses? I am assuming there won’t be any time when bitcoin's price will be fixed. It will keep on increasing if the demand to accumulate it also increases. So the number that you mentioned in the OP is not sufficient to tell the price of bitcoin. Bitcoin is way more valuable than you think.

[famososMuertos]

Hi, OP.

Perhaps that "mathematical" analysis that you did does not honor your Nick, Pythagoras (Pyitágorasz), it is something like Astronomy and Astrology, the first is science, the second is speculation.

Finally, the amounts of gold and many minerals are speculative, in fact, it is said that the abundance of diamonds in existence is such that every person in the world could have one, but diamonds have a centralized source of information and they are the ones who they assign their value and availability to it. ( e.g.)

[KingsDen]

I don’t think we can ever estimate the price of bitcoin. We know bitcoin is an asset. Its supply is fixed. So how can we estimate an ideal price when supplies are limited and demand is fluctuating among the masses? I am assuming there won’t be any time when bitcoin's price will be fixed. It will keep on increasing if the demand to accumulate it also increases. So the number that you mentioned in the OP is not sufficient to tell the price of bitcoin. Bitcoin is way more valuable than you think.

I quietly followed his analysis and it made sense to me because he used real time factors to buttress is explanations. But what I have learnt overtime is that bitcoin has a way to deviate from popular opinions.
The figures in OP is from ones calculations and it is never the standard. Bitcoin can still make 1m dollars but who actually knows when?

[TravelMug]

I don’t think we can ever estimate the price of bitcoin. We know bitcoin is an asset. Its supply is fixed. So how can we estimate an ideal price when supplies are limited and demand is fluctuating among the masses? I am assuming there won’t be any time when bitcoin's price will be fixed. It will keep on increasing if the demand to accumulate it also increases. So the number that you mentioned in the OP is not sufficient to tell the price of bitcoin. Bitcoin is way more valuable than you think.

I quietly followed his analysis and it made sense to me because he used real time factors to buttress is explanations. But what I have learnt overtime is that bitcoin has a way to deviate from popular opinions.
The figures in OP is from ones calculations and it is never the standard. Bitcoin can still make 1m dollars but who actually knows when?

And that is why traditional investors can't grasp what bitcoin is as far as it's movement as no one can predict it's price.

So the only thing that we can say to the OP is that, maybe it could happen in the next couple of years, maybe his numbers and computation is right, but knowing bitcoin movement and you look at it in the last 10 years or so, really hard to say using graphs and formulas as what would be it's price.

[livingfree]

With this, it's all gonna be just a matter of time.

This should be the right answer, time will tell it that will happen because as we know Bitcoin price will always vary on the demand and supply.
But who knows if we reach that amount of price by next year or if it could be other years, so it always matters on the time.

Though I'm a crypto enthusiast and I'm happy that Bitcoin price will reach that amount but IMO, that's impossible and I think it takes how many years before it will happen or will never happen.

Seems like this song will be a good answer to OP's question.

It will be one of the best day ever if it happens as soon as next year. But, I don't want to expect a lot that it will be seen by next year because it seems to early by that time.

Do not say that it's impossible if you're believing that one day it will happen. Just as how many people thought that Bitcoin will reach $69k when before it's just a quarter up to $100.

Nobody expected that to happen.

[justdimin]

It is undeniable that gold is one of the most popular forms of investment in society, gold is considered an asset whose value does not go down easily. As technology develops, Bitcoin is present in the midst of society, Bitcoin has also begun to be looked at as an investment instrument by a number of investors. Bitcoin is starting to be considered as having a value that is not easily shaken even though the economic conditions are weak. Due to the character of Bitcoin which is resistant to inflation, Bitcoin is also called digital gold.

Seen from one side, Bitcoin and gold have the same function, but when measured in terms of buying and selling values, Bitcoin and Gold have different characters. The price of gold is influenced by many things, such as the uncertainty of global conditions, supply and demand (gold), monetary policy, inflation and the dollar exchange also greatly affect the price of gold. What affects the price of Gold does not apply to Bitcoin because there is no centralized system that regulates buying and selling prices. The price of Bitcoin can decrease by more than 20 percent and can increase by more than 20 percent in a day. That is the reason it is difficult to determine what the ideal price of Bitcoin is because it is purely determined by demand and supply activities that occur in the market.

I wouldn't say gold and bitcoin has the same function because gold is something you invest into and can't use, and it's a physical thing that you need to go and buy. Whereas, when you are talking about bitcoin, you are talking about something digital which you can do from your phone which people use more and more everyday, and you need to also make sure that you are making a profit when the time comes and just sell right there on your phone wherever you are, could be home, could be work, could be while sleeping on your bed, could be on the bus going to work, it's the ease of the trade that makes it more fun.

On top of that you can use it like money, you can pay people with it, you do not have that in gold unfortunately and that is why I believe bitcoin should be bigger than gold.

[gunhell16]

Even in this era, there is nothing like Bitcoin, No matter how much its value will be in the future no one knows that's the truth there 100%. All the predictions anyone makes are not 100% accurate and that will be the price.

If someone says that a Bitcoin will be 100k$, it is still not a sure ball that it will happen because it is also just a prediction that the majority community in this field industry believes can happen in the coming bull run after the halving.

[Lucius]

The number of people on earth = 8,000,000,000 [2022] ~ source

The number of bitcoins divided by the number of people on earth
21.000.000 : 8,000,000,000 = 0.002625 btc

The number of gold divided by the number of people on earth
244.000.000 : 8,000,000,000 = 0.0305 kg

Let's say that these calculations of yours are more fun/informative than serious thinking, because no matter how you look at things, 8 billion people in that calculation does not make sense, because everyone will never use BTC, even if everyone miraculously has access to the internet, how many are under the age of 10 or under 18?

In general, it is a bad assumption that all people on Earth want or need to use something, and all the data we have suggests that from 2009 to date less than 5% of people have been involved with Bitcoin in some way. What I'm saying is that most people will never use Bitcoin, but also for many, gold is just a decoration and nothing more than that.

[PytagoraZ]

Let's say that these calculations of yours are more fun/informative than serious thinking, because no matter how you look at things, 8 billion people in that calculation does not make sense, because everyone will never use BTC, even if everyone miraculously has access to the internet, how many are under the age of 10 or under 18?

Of course it's are more for fun/informative than serious thinking. Gold has existed since prehistoric times, gold already has the belief of every human being on earth that gold is a precious metal, while bitcoin is still very young, not even 20 years since it was first launched. So it's not balanced if bitcoin fights the dominance of the gold community.

But gold is always mined every day and the amount will always increase. While bitcoin is decreasing in number from day to day. Nonsense that bitcoins total 21 million. Bitcoin is not up to 21 million, many people have lost their wallet keys

So, for now maybe just for fun, but for the next 50 or 100 years? Who knows

[el kaka22]

Gold is definitely a good indicator, and should be considered as a good drawing point to bitcoin. It will 100% go there without a doubt. It will reach gold marketcap without a doubt. It will take some years though, it is not going to happen over night, it is going to take maybe a decade to get there and I believe that we are going to see it change a lot more meanwhile.

This is why I believe that we should be hoping for the best but also getting ready for the worst because short term will not be as easy as the long term. If you buy and hold for over a decade then you should be fine, but if you buy and not really hold it for a long term and just hold it for short term then we do not know what's going to happen in the end.

[AakZaki]

No matter how hard we compare Bitcoin to other assets and calculate it from that asset's perspective, the price of Bitcoin is still dictated by supply and demand.  The ideal price shouldn't be the price that is randomly calculated by the comparison of two commodities.  It should be the price that is dictated by the current market demand.  So Bitcoin's ideal price today is not $557,714 but rather the current price what the buyer intend to pay.

True as you say, it's not just about the numbers and how much Bitcoin is worth. The price mentioned by the OP is only a calculation that relies on data that is not necessarily accurate. demand and supply are the most influential indicators of the price of Bitcoin. See how the current demand will certainly increase if there are new requests. The more investors that enter, Bitcoin has the opportunity to reach a higher price.

[erep]

Of course it's are more for fun/informative than serious thinking. Gold has existed since prehistoric times, gold already has the belief of every human being on earth that gold is a precious metal, while bitcoin is still very young, not even 20 years since it was first launched. So it's not balanced if bitcoin fights the dominance of the gold community.

I know that you provide information for fun because the calculation of thread information is unrealistic for comparison with gold, everyone has been convinced of investing in gold since long time ago because of the chance to get a convincing profit in the long term, but they have new options to allocate funds for investing in bitcoin, some last year the growth of bitcoin investors increased significantly and many investors cut half of their other investments to switch to bitcoin investment, the limited supply has convinced them to believe bitcoin investment is better than any investment in the future.

So, for now maybe just for fun, but for the next 50 or 100 years? Who knows

Imagine if the time machine worked to go back in time when the bitcoin price was $1, how many years could the bitcoin price reach $60k in the future, all the answers would be impossible and some like your answer above, that the fact that the price of 60k can be reached in less than 20 years and the potential the same for the $100k price will be achieved faster than your speculation.

[Lucius]

~snip~
But gold is always mined every day and the amount will always increase. While bitcoin is decreasing in number from day to day. Nonsense that bitcoins total 21 million. Bitcoin is not up to 21 million, many people have lost their wallet keys

So, for now maybe just for fun, but for the next 50 or 100 years? Who knows

Gold also has other applications besides storing value, but the truth is that it has unlimited supply, of course, if we take into account that it exists outside our planet and that some estimates say that it will be technically and economically profitable to mine it in about fifty years.

As for BTC max supply, it is true that it is set to 21 million and that part of it is currently or even irretrievably lost, but it is also true that in the future there may be a consensus to increase this number, because it is only about code which can be changed at any time. People change with time, so what was incomprehensible to people 50 years ago is now a commonly accepted thing in society.

Not to be misunderstood, I am not in favor of such radical changes and I think that max supply should remain just as it is, but will some people think the same in 50 or 100 years?